Cost of Living: Monterey, VA vs Wharton, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Wharton |
|---|---|---|
| Housing Index | 95.0 | 115.0 |
| Median Home Price | $202,500 | $348,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1246 | $2240 |
Housing Comparison: Monterey vs Wharton
- The median home price in Wharton is higher at $348,000, compared to $202,500 in Monterey.
- In Wharton, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Monterey.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monterey | Wharton |
|---|---|---|
| Electricity Price | $15.31 | $19.88 |
| Natural Gas Price | $19.91 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Wharton
- Wharton has higher electricity costs at $19.88 per kWh, versus $15.31 in Monterey.
- Natural gas is more expensive in Monterey at $19.91 per unit, while it is cheaper at $14.01 in Wharton.
- Utility expenses are equal in both Monterey and Wharton averaging $250.